Hamilton Insurance Group Ltd (STU:QN0)

Q1 2025 Hamilton Insurance Group Ltd Earnings Call Transcript

May 8, 2025 / 01:00 PM GMT

Release Date Price: €17 (+1.19%)

Transcript 10-Q8-K

Key Points

Positve

Hamilton Insurance Group Ltd (HG) reported a profitable quarter despite significant global catastrophe losses, including a net income of $81 million.
The company achieved a 17% increase in gross premiums written, driven by growth in both Bermuda and International segments.
Investment returns were strong, with a total investment return of $167 million, offsetting catastrophe losses.
Hamilton's attritional loss ratio was stable at 51.9%, indicating the health of its underlying business.
The company benefited from an AM Best rating upgrade to A, which facilitated new business opportunities and increased line sizes on renewals.

Negative

Hamilton Insurance Group Ltd (HG) faced a high catastrophe loss ratio of 30.2% due to the California wildfires, impacting overall profitability.
The combined ratio increased to 111.6% from 91.5% in the previous year, primarily due to catastrophe losses.
The expense ratio rose by 1.2 points to 32.4%, driven by higher acquisition costs and changes in business mix.
The Bermuda segment experienced an underwriting loss of $59 million, with a combined ratio of 122.8% due to catastrophe losses.
The company anticipates potential impacts from economic and geopolitical uncertainties, including tariffs and the possibility of a recession, which could affect loss cost inflation and the broader trading environment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HG.N - Hamilton Insurance Group Ltd
Q1 2025 Hamilton Insurance Group Ltd Earnings Call
May 08, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to the Hamilton Insurance Group earnings conference call.

As a reminder, this call is being webcast and will also be available for replay with links on the Hamilton Investor Relations website.

I'd now like to turn the call over to Darian Neferados, Vice President, Investor Relations and finance. Please go ahead.

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Unidentified_2 [2]
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Thanks, operator. Hi everyone and welcome to the Hamilton Insurance Group first quarter 2025 earnings conference call. The Hamilton executives leading today's call are Pina

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